Explosions rock southern Iran as Khamenei burial proceeds in Mashhad

The post British Pound Sterling stages a jailbreak while Westminster arranges a coronation appeared on BitcoinEthereumNews.com. Cable adds roughly a tenth of a percent on Thursday, changing hands a whisker above 1.3400 and poking through the 200-day Exponential Moving Average (EMA) for the first time since mid-June. The setting makes the move notable: the United States traded overnight strikes with Iran for a second consecutive day, Crude Oil carries a war premium, and Federal Reserve (Fed) speakers spent the session sounding hawkish. None of it bought the Dollar anything against the Pound. Washington supplies hawks and airstrikes, and the Dollar shrugs Thursday’s American docket gave Dollar bulls usable material, starting with Initial Jobless Claims printing 215K at 12:30 GMT against a 218K consensus and a 217K prior. A voting Federal Open Market Committee (FOMC) member delivered remarks rated firmly hawkish at 13:00 GMT, another policymaker speaks at 17:30 GMT, and Existing Home Sale

Heightened geopolitical tensions could lead to market volatility, impacting global oil prices and increasing regulatory scrutiny on cryptocurrencies. The post Iran plots to assassinate Trump, Israel warns US: what it means for markets appeared first on Crypto Briefing.

The depletion of the US oil reserve amid geopolitical tensions highlights vulnerabilities in energy security and potential market instability. The post US Strategic Petroleum Reserve hits lowest level since 1983 as Iran tensions drain emergency stockpiles appeared first on Crypto Briefing.

The escalation in US-Iran tensions could destabilize regional security, impact global oil supply, and prompt tighter crypto regulations. The post Iran launches missile and drone attacks on US military sites in Gulf, rattling crypto and oil markets appeared first on Crypto Briefing.

The post Mexican Peso gains as risk appetite improves, weighs on USD appeared on BitcoinEthereumNews.com. The Mexican Peso (MXN) registers solid gains of over 0.22% against the US Dollar (USD) on Thursday as risk appetite improves after two days of hostilities between the US and Iran ended, despite US President Donald Trump’s warning that the deal might be “over.” The USD/MXN pair trades at 17.54 after reaching a daily high of 17.57. USD/MXN slips due to US Dollar weakness The emerging market currency is underpinned by broad US Dollar weakness. Data in Mexico showed that the Consumer Price Index (CPI) in June fell to its lowest level since December 2020, tumbling for the third straight month, down from 3.94% to 3.37% YoY, below estimates of 3.52%. Core inflation on an annual basis has risen to 4.03% YoY, slightly above Banxico’s 3% plus or minus 1% goal. The data eases pressure on the Bank of Mexico (Banxico), which last month decided to hold rates unchanged at 6.50%, while signaling t

Escalating tensions in the Gulf could destabilize global markets, impacting energy prices, inflation, and investor risk appetite. The post Iran attacked: reports point to Bahrain and Kuwait as suspects as Bitcoin sells off appeared first on Crypto Briefing.

The post Tensions Soar: Bitcoin Faces a New Financial Landscape appeared on BitcoinEthereumNews.com. Geopolitical tensions between the US and Iran have made a significant impact on the cryptocurrency market, as seen on July 8 with Bitcoin experiencing a decline of more than 2% in a matter of hours. Triggered by President Donald Trump’s announcement of the ceasefire’s end, investors swiftly retreated from riskier assets, underscoring the interconnected nature […] Continue Reading:Tensions Soar: Bitcoin Faces a New Financial Landscape Source: https://en.bitcoinhaber.net/tensions-soar-bitcoin-faces-a-new-financial-landscape

The post WTI Price Forecast: Rejection at the 200-day SMA keeps bears in control appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) crude Oil edges lower on Thursday, erasing all of the previous day’s gains as traders reassess the supply risks stemming from renewed US-Iran tensions. At the time of writing, WTI is trading around $71.75, down 3.77% on the day. Crude Oil prices surged earlier this week after the United States and Iran exchanged military strikes, raising fears that shipping through the Strait of Hormuz could once again face disruptions. However, markets see the latest flare-up as unlikely to escalate into a full-blown war and expect shipping through the Strait of Hormuz to continue to recover. From a technical perspective, Thursday’s decline follows a rejection at the 200-day Simple Moving Average (SMA) near $73.35, which acts as immediate resistance. WTI also remains well below the 100-day SMA around $86.91, suggesting sellers retain the upper hand despite